Jennifer purchased a used refrigerator from her next-door neighbor. When she took it home and plugged it in, the refrigerator burst into flames. The seller in this case is in breach of the implied warranty of merchantability
a. True
b. False
Indicate whether the statement is true or false
False
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Presently, most states follow the old Model Business Corporation Act (MBCA) approach, which requires that shares be issued only for money, tangible or intangible property, and services already performed for the corporation.
Answer the following statement true (T) or false (F)
Describe/define the four major types of equivalences
What will be an ideal response?
______ refers to a narrow-minded view of the world with an inability to recognize individual differences.
A. Ethnocentrism B. Geocentrism C. Parochialism D. Culturalism
The process of recording and posting adjusting entries occurs immediately after ________
a. posting the closing entries b. preparing the adjusted trial balance c. preparing the financial statements d. preparing the unadjusted trial balance